www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com BC introduces LNG tax http://www.upstreamonline.com/live/1380889/BC-introduces-LNG-tax The British Columbia government has introduced new tax legislation that would see proponents of liquefied natural gas export projects paying 1.5% in the first few years and rising to 5% by 2037. (Tonya Zelinsky) http://www.upstreamonline.com/live/1380889/BC-introduces-LNG-tax Tue, 21 Oct 2014 23:48:13 +0000 live Crude rises on strong China data http://www.upstreamonline.com/live/1380885/Crude-rises-on-strong-China-data Brent crude oil ended up almost 1% on Tuesday, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380885/Crude-rises-on-strong-China-data Tue, 21 Oct 2014 23:31:55 +0000 live Alaska awards pending Beaufort leases http://www.upstreamonline.com/live/1380884/Alaska-awards-pending-Beaufort-leases Alaska's Division of Oil & Gas has awarded two oil and gas leases in the Beaufort Sea that have been pending since 2011, following a thorough review of the western boundary of the Arctic National Wildlife Refuge (ANWR). Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380884/Alaska-awards-pending-Beaufort-leases Tue, 21 Oct 2014 23:25:27 +0000 live BOEM to edges towards Cook Inlet sale http://www.upstreamonline.com/live/1380883/BOEM-to-edges-towards-Cook-Inlet-sale US regulators said they will prepare an environmental impact statement (EIS) ahead of a possible oil and gas lease sale in Cook Inlet, off Alaska's south-central coast. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380883/BOEM-to-edges-towards-Cook-Inlet-sale Tue, 21 Oct 2014 22:55:27 +0000 live International results boost Nabors http://www.upstreamonline.com/live/1380880/International-results-boost-Nabors Drilling contractor Nabors Industries posted higher quarterly income thanks to improved results both in North America and internationally. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380880/International-results-boost-Nabors Tue, 21 Oct 2014 22:42:28 +0000 live Nelson Bunker Hunt dies at 88 http://www.upstreamonline.com/live/1380877/Nelson-Bunker-Hunt-dies-at-88 Legendary wildcatter Nelson Bunker Hunt has passed away in Dallas at the age of 88 after a long and colourful history of investment in oil and other businesses. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380877/Nelson-Bunker-Hunt-dies-at-88 Tue, 21 Oct 2014 22:33:47 +0000 live FMC boosts third-quarter results http://www.upstreamonline.com/live/1380876/FMC-boosts-third-quarter-results Service specialist FMC Technologies posted a 15% gain in third-quarter revenues as its business segments continued to thrive from subsea to surface operations. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380876/FMC-boosts-third-quarter-results Tue, 21 Oct 2014 21:53:16 +0000 live Total 'could name new CEO on Wednesday' http://www.upstreamonline.com/live/1380870/Total-could-name-new-CEO-on-Wednesday Investors in Total could get more clarity on the French supermajor's succession plans as early as Wednesday as the company's board will reportedly convene an emergency meeting following the death of chief executive Christophe de Margerie. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380870/Total-could-name-new-CEO-on-Wednesday Tue, 21 Oct 2014 20:51:20 +0000 live Enap posts unconventional production gains http://www.upstreamonline.com/live/1380865/Enap-posts-unconventional-production-gains Chilean state oil company Enap has reported unconventional production of 500,000 cubic metres per day from tight gas reserves in the far-southern region of Tierra del Fuego. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380865/Enap-posts-unconventional-production-gains Tue, 21 Oct 2014 20:14:46 +0000 live Noble Energy elects new chief http://www.upstreamonline.com/live/1380859/Noble-Energy-elects-new-chief Noble Energy's David Stover has been officially elected as new chief executive of the US independent, a succession planned ahead of leader Chuck Davidson's retirement. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380859/Noble-Energy-elects-new-chief Tue, 21 Oct 2014 19:27:28 +0000 live Pemex evacuates workers ahead of storm http://www.upstreamonline.com/live/1380856/Pemex-evacuates-workers-ahead-of-storm Pemex has evacuated some 15,000 support workers from platforms in the Campeche area of Mexican waters ahead of a threatening storm, the company said. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380856/Pemex-evacuates-workers-ahead-of-storm Tue, 21 Oct 2014 18:42:57 +0000 live US output prompts SPR review http://www.upstreamonline.com/live/1380853/US-output-prompts-SPR-review US officials will examine how to boost efficiency of the Strategic Petroleum Reserve (SPR) now that domestic energy production is booming, according to a letter from a Department of Energy official. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380853/US-output-prompts-SPR-review Tue, 21 Oct 2014 17:31:33 +0000 live Ensco confirms two Malaysia rig deaths http://www.upstreamonline.com/live/1380838/Ensco-confirms-two-Malaysia-rig-deaths Ensco has confirmed two oil rig workers were killed in an accident on board the Ensco 104 rig chartered to SapuraKencana off Malaysia. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380838/Ensco-confirms-two-Malaysia-rig-deaths Tue, 21 Oct 2014 15:39:08 +0000 live Shell seals OML-18 deal http://www.upstreamonline.com/live/1380834/Shell-seals-OML-18-deal A consortium of Canada’s Mart Resources and Nigerian explorer MidWestern Oil & Gas has acquired the OML-18 block in the Niger Delta under a newly minted deal with Shell. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380834/Shell-seals-OML-18-deal Tue, 21 Oct 2014 13:50:17 +0000 live Demand 'still underpins oil prices': Moody's http://www.upstreamonline.com/live/1380828/Demand-still-underpins-oil-prices-Moodys The recent tumble in oil prices should come as no surprise given high supply levels, but ever-rising demand will prevent a big long-term drop in prices, Moody’s has predicted. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380828/Demand-still-underpins-oil-prices-Moodys Tue, 21 Oct 2014 13:45:19 +0000 live Total ‘must move forward’ after CEO death http://www.upstreamonline.com/live/1380830/Total-‘must-move-forward’-after-CEO-death French oil giant Total “must continue to move forward” following the death of chief executive and chairman Christophe de Margerie in a plane crash at a Russian airport on Monday night. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380830/Total-‘must-move-forward’-after-CEO-death Tue, 21 Oct 2014 13:41:43 +0000 live Cairn India hires CEO http://www.upstreamonline.com/live/1380819/Cairn-India-hires-CEO Cairn India has appointed Suncor Energy executive vice president Mayank Ashar as its next managing director and chief executive. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380819/Cairn-India-hires-CEO Tue, 21 Oct 2014 10:57:04 +0000 live Adma-Opco, BP sign EOR deal http://www.upstreamonline.com/live/1380812/Adma-Opco-BP-sign-EOR-deal Abu Dhabi Marine Operating Company (Adma-Opco) has signed an agreement with BP on studying how the British supermajor’s enhanced oil recovery techonology could be used by the Emirati player in its carbonate reservoirs. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380812/Adma-Opco-BP-sign-EOR-deal Tue, 21 Oct 2014 10:11:15 +0000 live Keg River flows for Northern Petroleum http://www.upstreamonline.com/live/1380809/Keg-River-flows-for-Northern-Petroleum London-listed Northern Petroleum’s shares jumped by more than 15% after the explorer announced results from a trio of wells at its Keg River light oil redevelopment in Canada. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380809/Keg-River-flows-for-Northern-Petroleum Tue, 21 Oct 2014 09:34:48 +0000 live Oz shoot in Polarcus sights http://www.upstreamonline.com/live/1380801/Oz-shoot-in-Polarcus-sights Oslo-listed seismic contractor Polarcus is set to launch a new multi-client 3D survey off Australia aimed at identifying further prospectivity near Apache’s recent Phoenix South oil discovery. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380801/Oz-shoot-in-Polarcus-sights Tue, 21 Oct 2014 09:05:20 +0000 live Total board to meet over de Margerie death http://www.upstreamonline.com/live/1380797/Total-board-to-meet-over-de-Margerie-death Total is to hold a board meeting as soon as possible on Tuesday following the death of chief executive Christophe de Margerie in a plane crash in Russia. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380797/Total-board-to-meet-over-de-Margerie-death Tue, 21 Oct 2014 08:33:42 +0000 live Record bids in Danish round http://www.upstreamonline.com/live/1380795/Record-bids-in-Danish-round Denmark has received a record number of applications for licences on offer in its latest offshore acreage round, with big-hitters Shell, Hess, Wintershall and local player Maersk Oil among the bidders. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380795/Record-bids-in-Danish-round Tue, 21 Oct 2014 08:31:36 +0000 live JKX sees gas signs with deep Ukraine well http://www.upstreamonline.com/live/1380794/JKX-sees-gas-signs-with-deep-Ukraine-well London-listed JKX has uncovered 167 metres of gross pay in eight horizons with its first deep sandstone appraisal well on the Elizavetovskoye field in western Ukraine. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380794/JKX-sees-gas-signs-with-deep-Ukraine-well Tue, 21 Oct 2014 08:24:09 +0000 live HitecVision backs Rocksource bid http://www.upstreamonline.com/live/1380791/HitecVision-backs-Rocksource-bid Prolific private equity player HitecVision has been unmasked as the mystery investor behind a successful bid to acquire a substantial stake in Norwegian minnow Rocksource. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380791/HitecVision-backs-Rocksource-bid Tue, 21 Oct 2014 07:50:42 +0000 live Lamprell completes Eurasia jack-up http://www.upstreamonline.com/live/1380786/Lamprell-completes-Eurasia-jack-up Middle East-based yard Lamprell has completed a second jack-up rig destined for Russia’s Eurasia Drilling a few weeks ahead of schedule. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380786/Lamprell-completes-Eurasia-jack-up Tue, 21 Oct 2014 07:27:17 +0000 live Statoil on D money http://www.upstreamonline.com/live/1380785/Statoil-on-D-money Statoil has come up trumps with an appraisal well drilled at the so-called D structure that has proven more resources in the vicinity of its Grane field off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380785/Statoil-on-D-money Tue, 21 Oct 2014 07:06:57 +0000 live Ophir flows gas off Equatorial Guinea http://www.upstreamonline.com/live/1380784/Ophir-flows-gas-off-Equatorial-Guinea Ophir Energy has flowed gas at a well off Equatorial Guinea, resulting in the improvement of the development economics of an offshore field. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380784/Ophir-flows-gas-off-Equatorial-Guinea Tue, 21 Oct 2014 06:58:18 +0000 live Egdon spuds in the UK http://www.upstreamonline.com/live/1380783/Egdon-spuds-in-the-UK London-listed Egdon Resources has spudded the Burton on the Wolds-1 conventional well on the PEDL201 licence in Leicestershire, onshore the UK. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380783/Egdon-spuds-in-the-UK Tue, 21 Oct 2014 06:43:37 +0000 live Brent holds on Chinese demand http://www.upstreamonline.com/live/1380782/Brent-holds-on-Chinese-demand Brent edged up on Tuesday, holding above $85 per barrel as robust China oil demand supported prices, although gains were capped by oversupply and lingering fears of a weak global economy. (News Wires) http://www.upstreamonline.com/live/1380782/Brent-holds-on-Chinese-demand Tue, 21 Oct 2014 05:24:11 +0000 live Rowan books Indonesian contract http://www.upstreamonline.com/live/1380781/Rowan-books-Indonesian-contract US rig player Rowan has booked a contract for its jack-up Rowan Gorilla II to drill a well off Indonesia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380781/Rowan-books-Indonesian-contract Tue, 21 Oct 2014 04:23:57 +0000 live Lakes adds Gippsland permits http://www.upstreamonline.com/live/1380778/Lakes-adds-Gippsland-permits Australia’s Lakes Oil has nabbed two offshore permits in the Gippsland basin off Victoria. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380778/Lakes-adds-Gippsland-permits Tue, 21 Oct 2014 01:46:56 +0000 live Cue increases Indonesian stake http://www.upstreamonline.com/live/1380776/Cue-increases-Indonesian-stake Australia's Cue Energy Resources has reached a deal with PetroChina-owned Singapore Petroleum Company (SPC) to gain a 100% interest in the Mahakam Hilir production sharing contract, onshore Indonesia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380776/Cue-increases-Indonesian-stake Tue, 21 Oct 2014 01:39:07 +0000 live Oriental counters Afren claims http://www.upstreamonline.com/live/1380775/Oriental-counters-Afren-claims Nigerian oil player Oriental Energy Resources has hit out at its partner for the Ebok and Okwok assets off Nigeria for a number of “erroneous” statements. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380775/Oriental-counters-Afren-claims Tue, 21 Oct 2014 00:50:46 +0000 live Mexico round 'unaffected' by crude dip http://www.upstreamonline.com/live/1380774/Mexico-round-unaffected-by-crude-dip Mexican officials said on Monday they were not concerned that falling oil prices might hurt prospects for the country's first ever-open bid offering as the country's oil sector opens to private participation. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380774/Mexico-round-unaffected-by-crude-dip Tue, 21 Oct 2014 00:17:22 +0000 live Total chief dies in plane crash http://www.upstreamonline.com/live/1380773/Total-chief-dies-in-plane-crash French oil giant Total has confirmed its chief executive and chairman Christophe de Margerie has been killed in a plane crash in Russia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380773/Total-chief-dies-in-plane-crash Tue, 21 Oct 2014 00:15:42 +0000 live BC set to unveil LNG tax details http://www.upstreamonline.com/live/article1380771.ece British Columbia is set to unveil the details of its long-awaited liquefied natural gas tax regime within days, which could sway investment decisions on several proposed export terminals in the Canadian Pacific Coast province. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1380771.ece Mon, 20 Oct 2014 23:39:34 +0000 live Helix soars on strong demand http://www.upstreamonline.com/live/1380770/Helix-soars-on-strong-demand Service specialist Helix Energy Solutions pumped up profits in the third quarter as both its well-intervention and robotics businesses thrived. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380770/Helix-soars-on-strong-demand Mon, 20 Oct 2014 23:17:30 +0000 live McDermott bags new Bukit Tua gig http://www.upstreamonline.com/live/1380763/McDermott-bags-new-Bukit-Tua-gig Engineering outfit McDermott International has won a contract for transportation, installation and pre-commissioning for the Petronas-operated Bukit Tua development project off Indonesia. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380763/McDermott-bags-new-Bukit-Tua-gig Mon, 20 Oct 2014 22:01:22 +0000 live Alfa to raise $1bn for energy spend http://www.upstreamonline.com/live/1380759/Alfa-to-raise-1bn-for-energy-spend Mexican conglomerate Alfa said on Monday it wants to issue about $1 billion worth of shares so it can invest in Mexican energy projects in shale gas, conventional hydrocarbons and electricity, according to a report. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380759/Alfa-to-raise-1bn-for-energy-spend Mon, 20 Oct 2014 21:20:50 +0000 live US oil exports 'may lower pump prices' http://www.upstreamonline.com/live/1380752/US-oil-exports-may-lower-pump-prices Ending the US export ban on crude oil would increase domestic oil prices but could actually decrease the price US consumers pay for petrol, according to a new government study. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380752/US-oil-exports-may-lower-pump-prices Mon, 20 Oct 2014 18:27:16 +0000 live Isis 'earns $800m a year in oil output' http://www.upstreamonline.com/live/1380751/Isis-earns-800m-a-year-in-oil-output Extremist group Islamic State (Isis) is earning the equivalent of about $800 million a year from oil production, even though it sells its barrels at a steep discount to global prices, according to research group IHS. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380751/Isis-earns-800m-a-year-in-oil-output Mon, 20 Oct 2014 18:12:56 +0000 live Eagle buys CRS Proppants for $225m http://www.upstreamonline.com/live/1380743/Eagle-buys-CRS-Proppants-for-225m Dallas-based Eagle Materials has agreed to buy CRS Proppants, a producer of sand used in hydraulic fracturing, for $225 million in cash. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380743/Eagle-buys-CRS-Proppants-for-225m Mon, 20 Oct 2014 16:52:49 +0000 live Ireland 'seeing interest for licensing round' http://www.upstreamonline.com/live/1380736/Ireland-seeing-interest-for-licensing-round The oil & gas industry is “expressing a positive interest” to Irish authorities in the country’s latest offshore licensing round, a conference in Dublin has heard. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380736/Ireland-seeing-interest-for-licensing-round Mon, 20 Oct 2014 15:15:27 +0000 live Rocksource leaps on mystery bid http://www.upstreamonline.com/live/1380703/Rocksource-leaps-on-mystery-bid The value of shares in Norwegian minnow Rocksource shot up more than 63% on Monday as a mystery financial investor launched a bid to acquire 20% of the company at a high premium to the existing stock price. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380703/Rocksource-leaps-on-mystery-bid Mon, 20 Oct 2014 14:18:29 +0000 live Petrobras keeps Ocean Rig drillships http://www.upstreamonline.com/live/1380701/Petrobras-keeps-Ocean-Rig-drillships Petrobras has signed a deal worth more than $1.1 billion to hold on to a pair of Ocean Rig drilling units long term. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380701/Petrobras-keeps-Ocean-Rig-drillships Mon, 20 Oct 2014 14:15:41 +0000 live Calmena sells Brazil unit http://www.upstreamonline.com/live/1380686/Calmena-sells-Brazil-unit Canadian oilfield services player Calmena Energy Services has sold off its Brazilian subsidiary in a deal worth more than $6 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380686/Calmena-sells-Brazil-unit Mon, 20 Oct 2014 12:59:21 +0000 live Bouhajla duster in Tunisia http://www.upstreamonline.com/live/1380678/Bouhajla-duster-in-Tunisia Calgary-based explorer Africa Hydrocarbons has come up dry after carrying out the recompletion of an earlier exploration well drilled on its Bouhajla permit onshore Tunisia. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380678/Bouhajla-duster-in-Tunisia Mon, 20 Oct 2014 12:25:03 +0000 live Halliburton profit jumps in Q3 http://www.upstreamonline.com/live/1380663/Halliburton-profit-jumps-in-Q3 US services giant Halliburton has reported a 70% jump in net income to $1.2 billion in the third quarter compared to the same period last year as surging North American onshore activity boosted revenues. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380663/Halliburton-profit-jumps-in-Q3 Mon, 20 Oct 2014 11:24:08 +0000 live Brent slips under $86 http://www.upstreamonline.com/live/1380618/Brent-slips-under-86 Brent crude dipped under $86 a barrel on Monday but held onto most of Friday’s rally from near four-year lows on news of a cut in Saudi-Kuwait oil output. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380618/Brent-slips-under-86 Mon, 20 Oct 2014 11:05:00 +0000 live Webb to quit O&G UK hot seat http://www.upstreamonline.com/live/1380641/Webb-to-quit-OG-UK-hot-seat Malcolm Webb has handed in his resignation as chief executive of industry lobby group Oil & Gas UK. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380641/Webb-to-quit-OG-UK-hot-seat Mon, 20 Oct 2014 10:31:18 +0000 live Serinus lines up rig for Romania wells http://www.upstreamonline.com/live/1380637/Serinus-lines-up-rig-for-Romania-wells Canada’s Serinus Energy has contracted a rig for a two-well exploration programme onshore north-west Romania that is due to start next month. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380637/Serinus-lines-up-rig-for-Romania-wells Mon, 20 Oct 2014 10:24:59 +0000 live Leni strikes more oil at Goudron http://www.upstreamonline.com/live/1380638/Leni-strikes-more-oil-at-Goudron Sixth of planned 30 development wells throws up more net oil ahead of intersecting primary target Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380638/Leni-strikes-more-oil-at-Goudron Mon, 20 Oct 2014 10:22:28 +0000 live Kiev and Russia 'agree gas price' http://www.upstreamonline.com/live/1380635/Kiev-and-Russia-agree-gas-price The Kiev and Moscow governments are reported to be close to reaching a deal to restore Russian gas supplies to Ukraine, and avert the risk of supply disruption for Europe, after agreeing on a price for the gas. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380635/Kiev-and-Russia-agree-gas-price Mon, 20 Oct 2014 10:12:43 +0000 live Songa Dee in engine failure http://www.upstreamonline.com/live/1380629/Songa-Dee-in-engine-failure A rig owned by Oslo-listed driller Songa Offshore has been hit by an engine failure while undergoing survey work at a yard in Scotland. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380629/Songa-Dee-in-engine-failure Mon, 20 Oct 2014 08:24:49 +0000 live Tethys Petroleum faces board battle http://www.upstreamonline.com/live/1380627/Tethys-Petroleum-faces-board-battle Tethys Petroleum is set to face a shareholder vote on removing most of its directors after an activist investor proposed an extraordinary general meeting on the issue. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380627/Tethys-Petroleum-faces-board-battle Mon, 20 Oct 2014 08:16:17 +0000 live Addax extends Yinson FPSO deal http://www.upstreamonline.com/live/1380623/Addax-extends-Yinson-FPSO-deal Malaysia’s Yinson Holdings has won a contract extension from a Sinopec subsidiary to keep a floater unit operating on a Nigerian field for another year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380623/Addax-extends-Yinson-FPSO-deal Mon, 20 Oct 2014 08:08:57 +0000 live OMV braced for oil price drop impact http://www.upstreamonline.com/live/1380622/OMV-braced-for-oil-price-drop-impact Austria’s OMV has warned of the “significantly negative impact” of slumping oil prices on its third-quarter result where taxes are expected to increase on the back of a return of Libyan production. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380622/OMV-braced-for-oil-price-drop-impact Mon, 20 Oct 2014 07:46:36 +0000 live Baker Hughes gets Bentley seat http://www.upstreamonline.com/live/1380621/Baker-Hughes-gets-Bentley-seat Baker Hughes has signed a memorandum of understanding with Xcite Energy to provide oilfield services for the British operator’s Bentley field in the UK North Sea. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380621/Baker-Hughes-gets-Bentley-seat Mon, 20 Oct 2014 07:39:19 +0000 live Promising signs for Genel off Morocco http://www.upstreamonline.com/live/1380620/Promising-signs-for-Genel-off-Morocco London-listed company Genel Energy has hit oil while drilling a well on the Sidi Moussa Block off the coast of Morocco. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380620/Promising-signs-for-Genel-off-Morocco Mon, 20 Oct 2014 07:01:28 +0000 live President confirms Paraguayan oil http://www.upstreamonline.com/live/1380619/President-confirms-Paraguayan-oil London-listed President Energy has made an oil discovery at its Lapacho well in the Pirity concession onshore Paraguay, the first of its kind in the area. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380619/President-confirms-Paraguayan-oil Mon, 20 Oct 2014 06:55:42 +0000 live Tamar partners in gas supply talks http://www.upstreamonline.com/live/1380617/Tamar-partners-in-gas-supply-talks The partners at Israel's offshore Tamar gas field have signed a letter of intent to export gas from the project to Egypt. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380617/Tamar-partners-in-gas-supply-talks Mon, 20 Oct 2014 04:29:45 +0000 live Khafji output halted http://www.upstreamonline.com/live/1380616/Khafji-output-halted Crude production from the Khafji oilfield, jointly run by Saudi Arabia and Kuwait, has been shut down temporarily to comply with environmental regulations, according to reports. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380616/Khafji-output-halted Mon, 20 Oct 2014 03:37:55 +0000 live QEP in $2.5bn midstream sell off http://www.upstreamonline.com/live/1380615/QEP-in-2.5bn-midstream-sell-off US independent QEP Resources has offloaded the midstream business of its subsidiary QEP Field Services to Tesoro Logistics in a $2.5 billion deal. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380615/QEP-in-2.5bn-midstream-sell-off Mon, 20 Oct 2014 03:17:03 +0000 live Vallianz lands new charters http://www.upstreamonline.com/live/1380613/Vallianz-lands-new-charters Singaporean offshore support vessel provider Vallianz Holdings has landed several contracts in Mexico, West Africa and the Asia Pacific region worth a combined US$64 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380613/Vallianz-lands-new-charters Mon, 20 Oct 2014 02:05:05 +0000 live Senex strikes out in Cooper http://www.upstreamonline.com/live/1380612/Senex-strikes-out-in-Cooper Australia-listed Senex Energy has come up dry at its Bagheera East-1 exploration well in PEL 514 in the South Australian Cooper basin. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380612/Senex-strikes-out-in-Cooper Mon, 20 Oct 2014 01:26:37 +0000 live Far raises Senegal funds http://www.upstreamonline.com/live/1380611/Far-raises-Senegal-funds Australia-listed Far has strengthened its cash position through a capital raising which will help fund its drilling off Senegal. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380611/Far-raises-Senegal-funds Mon, 20 Oct 2014 01:14:19 +0000 live SembMarine lands TEN FPSO work http://www.upstreamonline.com/live/1380610/SembMarine-lands-TEN-FPSO-work Singapore’s Sembcorp Marine has netted two contracts worth about S$222 million (US$174.1 million) for offshore energy projects. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380610/SembMarine-lands-TEN-FPSO-work Mon, 20 Oct 2014 00:15:16 +0000 live Ferrovial proposes takeover of Transfield http://www.upstreamonline.com/live/1380609/Ferrovial-proposes-takeover-of-Transfield Australian contractor Transfield Services has told shareholders to take no action over a A$1 billion (US$875.3 million) takeover offer from Spanish company Ferrovial Servicios. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380609/Ferrovial-proposes-takeover-of-Transfield Mon, 20 Oct 2014 00:04:43 +0000 live Oil ekes out small gain http://www.upstreamonline.com/live/1380605/Oil-ekes-out-small-gain Oil prices rose slightly on Friday, bouncing from near four-year lows even while marking a fourth straight weekly loss, as investors bought back into a market they said was oversold, and as fighting in Iraq increased political risk. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380605/Oil-ekes-out-small-gain Fri, 17 Oct 2014 21:08:21 +0000 live Service chiefs unmoved by crude drop http://www.upstreamonline.com/live/1380602/Service-chiefs-unmoved-by-crude-drop The chief executive of top oil-service company Schlumberger on Friday indicated strong business prospects despite a 25% slide over four months in the price of the global Brent benchmark crude. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380602/Service-chiefs-unmoved-by-crude-drop Fri, 17 Oct 2014 20:28:14 +0000 live Alaska asks to take land back from ANWR http://www.upstreamonline.com/live/1380603/Alaska-asks-to-take-land-back-from-ANWR The US state of Alaska has formally asked the federal government to convey about 20,000 acres of land currently included within the boundaries of the Arctic National Wildlife Refuge (ANWR) so it can be opened up for oil and gas leasing. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380603/Alaska-asks-to-take-land-back-from-ANWR Fri, 17 Oct 2014 20:19:55 +0000 live US rig count falls by 12 http://www.upstreamonline.com/live/1380597/US-rig-count-falls-by-12 The number of rigs drilling for oil and gas in the US slumped this week in tandem with global oil prices, falling by 12 units for a total of 1918, according to Houston-based services giant Baker Hughes. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380597/US-rig-count-falls-by-12 Fri, 17 Oct 2014 17:56:18 +0000 live Petrobras to tender for extra Jupiter FPSO http://www.upstreamonline.com/live/1380591/Petrobras-to-tender-for-extra-Jupiter-FPSO Brazilian oil giant Petrobras is preparing to offer a tender early next year for an extra floating production, storage and offloading vessel to operate in the area of its large Jupiter discovery in the Santos basin pre-salt play. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380591/Petrobras-to-tender-for-extra-Jupiter-FPSO Fri, 17 Oct 2014 15:34:13 +0000 live Tanzania 'closing in on awards' http://www.upstreamonline.com/live/1380580/Tanzania-closing-in-on-awards Tanzania is reported to be in the final stages of evaluating bids for offshore blocks offered in its latest deep-water licensing round, with the winners set to be named before year-end. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1380580/Tanzania-closing-in-on-awards Fri, 17 Oct 2014 14:39:24 +0000 live Chevron takes Ensco unit for Angola http://www.upstreamonline.com/live/1380579/Chevron-takes-Ensco-unit-for-Angola Chevron has taken an Ensco jack-up rig for three years for work off Angola as Saudi Aramco also extended work with a quartet of the owner’s units. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380579/Chevron-takes-Ensco-unit-for-Angola Fri, 17 Oct 2014 14:05:58 +0000 live Polarcus wins West Africa shoot http://www.upstreamonline.com/live/1380571/Polarcus-wins-West-Africa-shoot Oslo-listed seismic player Polarcus has secured a letter of intent with an undisclosed client to carry out a 3D shoot off West Africa. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380571/Polarcus-wins-West-Africa-shoot Fri, 17 Oct 2014 13:50:08 +0000 live US Gulf action for Pacific drillship http://www.upstreamonline.com/live/1380563/US-Gulf-action-for-Pacific-drillship Newbuild ultra-deepwater drillship Pacific Sharav has arrived in the Gulf of Mexico to start work for Chevron under a contract with Pacific Drilling. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380563/US-Gulf-action-for-Pacific-drillship Fri, 17 Oct 2014 13:37:22 +0000 live BP confirms Rhum re-start under way http://www.upstreamonline.com/live/1380528/BP-confirms-Rhum-re-start-under-way Gas from the Rhum field in the UK North Sea is due to start flowing at about midnight after BP confirmed on Friday it was in the final stages of work to re-start the project, co-owned with Iranian Oil Company (IOC). Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380528/BP-confirms-Rhum-re-start-under-way Fri, 17 Oct 2014 13:25:32 +0000 live Madagascar plans bid round ‘next year’ http://www.upstreamonline.com/live/1380561/Madagascar-plans-bid-round-‘next-year’ Madagascar hopes to launch a new licensing round next year that could see up to 50 offshore blocks go up for grabs, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380561/Madagascar-plans-bid-round-‘next-year’ Fri, 17 Oct 2014 13:23:35 +0000 live Chevron 'investment nod' for Bangka http://www.upstreamonline.com/live/1380560/Chevron-investment-nod-for-Bangka Chevron is reported to have made a final investment decision on the first phase of the multi-billion dollar Integrated Deepwater Development (IDD) project off Indonesia, scotching fears the US major may walk away from the scheme due to cost overruns. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1380560/Chevron-investment-nod-for-Bangka Fri, 17 Oct 2014 12:19:17 +0000 live Eni, Kogas in co-op deal http://www.upstreamonline.com/live/1380557/Eni-Kogas-in-co-op-deal Eni and Korea Gas Corporation (Kogas) have inked a new co-operation agreement that could aid development of a liquefied natural gas project in Mozambique. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380557/Eni-Kogas-in-co-op-deal Fri, 17 Oct 2014 11:10:41 +0000 live Aqualis nets jack-up conversion work http://www.upstreamonline.com/live/1380550/Aqualis-nets-jack-up-conversion-work Norway’s Aqualis Offshore has won a contract to provide detailed engineering for the conversion of a pair of jack-up rigs into mobile offshore production units (MOPU). Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380550/Aqualis-nets-jack-up-conversion-work Fri, 17 Oct 2014 10:55:15 +0000 live Questerre hit by Montney well leak http://www.upstreamonline.com/live/1380541/Questerre-hit-by-Montney-well-leak Calgary-based Questerre Energy has suffered a leak during a hydraulic fracturing operation at a well drilled on its Kakwa North acreage in Canada’s Montney shale play. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380541/Questerre-hit-by-Montney-well-leak Fri, 17 Oct 2014 10:18:52 +0000 live Pemex, Pacific Rubiales ink Mexico MoU http://www.upstreamonline.com/live/1380540/Pemex-Pacific-Rubiales-ink-Mexico-MoU Pemex and Latin America-focused player Pacific Rubiales Energy have signed a deal to co-operate on upstream projects in Mexico. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380540/Pemex-Pacific-Rubiales-ink-Mexico-MoU Fri, 17 Oct 2014 10:15:37 +0000 live Havila wins Petrobras option http://www.upstreamonline.com/live/1380533/Havila-wins-Petrobras-option Oslo-listed offshore vessel owner Havila Shipping has secured more work with Petrobras for its platform supply vessel Havila Favour off Brazil. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380533/Havila-wins-Petrobras-option Fri, 17 Oct 2014 08:40:09 +0000 live Shewashan commercial for Kurdistan http://www.upstreamonline.com/live/1380530/Shewashan-commercial-for-Kurdistan Iraqi Kurdistan has a new potential field development on its hands after Gas Plus Khalakan (GPK) declared commerciality on its Shewashan-1 light oil discovery. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380530/Shewashan-commercial-for-Kurdistan Fri, 17 Oct 2014 08:13:42 +0000 live Gazprom eyes start in Norway http://www.upstreamonline.com/live/1380522/Gazprom-eyes-start-in-Norway Russian gas giant Gazprom has started talks with the authorities in Norway with a view to establishing a presence on the Norwegian continental shelf. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380522/Gazprom-eyes-start-in-Norway Fri, 17 Oct 2014 07:56:52 +0000 live Adma-Opco starts Umm al-Lulu flows http://www.upstreamonline.com/live/1380518/Adma-Opco-starts-Umm-al-Lulu-flows Abu Dhabi Marine Operating Company (Adma-Opco) has this month brought the Umm al-Lulu offshore field online. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380518/Adma-Opco-starts-Umm-al-Lulu-flows Fri, 17 Oct 2014 07:41:01 +0000 live Petrofac eyes strong profit http://www.upstreamonline.com/live/1380517/Petrofac-eyes-strong-profit Petrofac is hoping to hit up to $600 million in net profit for the full year as it heralded its most successful year yet for new awards. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380517/Petrofac-eyes-strong-profit Fri, 17 Oct 2014 07:27:58 +0000 live Lundin bites dust at Vollgrav South http://www.upstreamonline.com/live/1380516/Lundin-bites-dust-at-Vollgrav-South Swedish explorer Lundin Petroleum has come up dry with a wildcat drilled at the Vollgrav South prospect in the mature North Sea off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380516/Lundin-bites-dust-at-Vollgrav-South Fri, 17 Oct 2014 07:05:40 +0000 live Nam Cheong secures LOIs worth $186m http://www.upstreamonline.com/live/1380510/Nam-Cheong-secures-LOIs-worth-186m Malaysian offshore marine group Nam Cheong has received letters of intent for the sale and charter of several anchor handling tug supply vessels worth about $186 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380510/Nam-Cheong-secures-LOIs-worth-186m Fri, 17 Oct 2014 04:58:46 +0000 live Gorgon boss bows out http://www.upstreamonline.com/live/1380509/Gorgon-boss-bows-out Chevron Australia Greater Gorgon area general manager Colin Beckett will retire next month, less than one year out from first liquefied natural gas from the Gorgon project off Western Australia. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380509/Gorgon-boss-bows-out Fri, 17 Oct 2014 03:59:35 +0000 live Cosco extends Sevan Developer delivery http://www.upstreamonline.com/live/1380507/Cosco-extends-Sevan-Developer-delivery China's Cosco Shipyard has agreed to extend the delivery date for a newbuild rig that is under construction for Oslo-listed Sevan Drilling. Josh.Lewis@upstreamonline.com (Josh Lewis), Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380507/Cosco-extends-Sevan-Developer-delivery Fri, 17 Oct 2014 02:53:24 +0000 live Aban and Jagson scoop rigs awards http://www.upstreamonline.com/live/1380506/Aban-and-Jagson-scoop-rigs-awards Indian drilling contractors Aban Offshore and Jagson International have been awarded three-year contracts to provide rigs as state-owned Oil & Natural Gas Corporation (ONGC) gets to grips with a tendering spree that could see it eventually charter as many as 12 jack-ups. stories@upstreamonline.com (Upstream Staff) http://www.upstreamonline.com/live/1380506/Aban-and-Jagson-scoop-rigs-awards Fri, 17 Oct 2014 01:19:54 +0000 live PNG LNG boosts Santos numbers http://www.upstreamonline.com/live/1380499/PNG-LNG-boosts-Santos-numbers The Papua New Guinea liquefied natural gas (PNG LNG) project has given Australia’s Santos a massive boost in quarterly production and sales revenue. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380499/PNG-LNG-boosts-Santos-numbers Fri, 17 Oct 2014 00:38:35 +0000 live Brazil blocks Polvo stake sale to HRT http://www.upstreamonline.com/live/1380492/Brazil-blocks-Polvo-stake-sale-to-HRT Brazil's oil regulator ANP has rejected the sale of a 40% stake in the Polvo offshore oilfield to HRT by the oil unit of Danish Maersk, the regulator said on Thursday. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380492/Brazil-blocks-Polvo-stake-sale-to-HRT Thu, 16 Oct 2014 23:16:20 +0000 live Vaalco launches six-well drive off Gabon http://www.upstreamonline.com/live/1380491/Vaalco-launches-six-well-drive-off-Gabon US independent Vaalco Energy has launched a new six-well development drilling campaign at the Etame Marin block off Gabon. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380491/Vaalco-launches-six-well-drive-off-Gabon Thu, 16 Oct 2014 23:01:35 +0000 live Cooper seismic shoot kicks off http://www.upstreamonline.com/live/1380489/Cooper-seismic-shoot-kicks-off A 3D seismic shoot has commenced in the Walvis basin off Namibia, the results of which could catapult London-based Tullow Oil into operatorship of the Cooper block. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380489/Cooper-seismic-shoot-kicks-off Thu, 16 Oct 2014 22:50:24 +0000 live Schlumberger posts 'record' results http://www.upstreamonline.com/live/1380488/Schlumberger-posts-record-results Schlumberger posted what it called a record result in the third quarter, beating Wall Street estimates on strong business from North and South America and better-than expected results amid tensions in Russia and the Middle East. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380488/Schlumberger-posts-record-results Thu, 16 Oct 2014 22:28:05 +0000 live Transocean unit offers equity stake http://www.upstreamonline.com/live/1380487/Transocean-unit-offers-equity-stake Offshore contractor Transocean said it plans to sell a minority equity interest in its UK North Sea subsidiary known as Caledonia Offshore Drilling. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380487/Transocean-unit-offers-equity-stake Thu, 16 Oct 2014 22:15:52 +0000 live